Hello, askSlim Community!
The Market Week “minutes” are taken from our Free weekly Market Week shows, where 47-Year Professional Stock, Futures, and Options Trader, Cycle Analyst Pioneer, and founder of askSlim.com, Steve “Slim” Miller, reviews what transpired in the financial markets during the week and provides a technical outlook in time, price and direction. Enjoy!
If you would like to watch this week’s Market Week show from the start, you can do so below. Otherwise, you can click on underlined titles below to open video topic starting points where Slim begins his analysis:
NOTE: Click on underlined titles to open video topic starting points where Slim begins his analysis
WEEK IN REVIEW
- Market Recap and General Outlook
- The stock market pulled back this week on weak economic data
- Bank stocks likely have downside risk
- Most economic data points to a recession
- Worries on upcoming earnings are hitting the markets
- Momentum is weakening in the health care stocks, may lead on the downside in the Dow
- The first quarter earnings in April will likely be bad, there may be selling in advance
- Interest rates moved down creating a steep yield curve
- We are looking for a peak in the bond market soon
- Index and Bond Updates
- Indexes are down 1% – 3% for the week
- 30-Year bond market is up .75 points
- 10-Year yields moved down 5 basis points
- Gold is up around $6
- Silver lost around .40, likely to go under $23
- The dollar is unchanged for the week
- Oil is likely to take a downside leg
MEMBER VIDEO PREVIEW – FUTURESPEAK – CORN ANALYSIS
THE ‘HOT MINUTE’- CYCLE ANALYSIS IN GOLD
ASKSLIM LEVEL 2 MONTHLY MEMBERSHIP SPECIAL OFFER – 50% OFF
SIR DAILY SNAPSHOT OVERVIEW & SPX CYCLE ANALYSIS
STOCK MARKET SHORT TERM ANALYSIS
- Market Volatility Index (VIX)
- The cycle low is projected around 1/25 – 2/7 – Daily chart
- Projecting a final move to the downside soon
- Projecting up to $30 – $40 around March – April
- S&P 500 (SPX)
- The highest probability is a rally into the $4000 area
- $3815 is a key level on the downside
- Momentum is still strong – Daily chart
- February – March will likely give a sizable downside move
That’s the show for this week!
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